Bitcoin will finish its cycle just like any other coin that followed a similar reset patten. There is no reason why Bitcoin should experience a growth or breakout at the current price level of $3,800.
Bitcoin is not a widely accepted payment method, in fact it's not really used in anything yet. And the companies who are interested in the abilities of Bitcoin / Blockchain are developing their own versions, case and point Facebook.
The technology itself is what companies are interested in, and that technology can be and is being replicated and copied by any company out there. There is no intrinsic value that only Bitcoin can offer, value that cannot be copied, replicated, or reproduced. At best, Bitcoin serves as an example, a case study while other institutions build out their own versions to meet a specific need or purpose, like Facebook sending funds through Whatsapp with their own version of Cryptocurrency.
Bitcoin is not a widely accepted payment method, in fact it's not really used in anything yet. And the companies who are interested in the abilities of Bitcoin / Blockchain are developing their own versions, case and point Facebook.
The technology itself is what companies are interested in, and that technology can be and is being replicated and copied by any company out there. There is no intrinsic value that only Bitcoin can offer, value that cannot be copied, replicated, or reproduced. At best, Bitcoin serves as an example, a case study while other institutions build out their own versions to meet a specific need or purpose, like Facebook sending funds through Whatsapp with their own version of Cryptocurrency.